A cheque that is payable to whoever presents it is known as?

By: |Published on: Jan 8|Categories: Commerce WAEC| 0 comments

A. order cheque
B. open cheque
C. crossed cheque
D. bearer cheque

Correct Answer: Option D

D. bearer cheque

Explanation

Bearer cheque is payable to the bearer i.e whoever presents it. It is cashed over the counter without having to be endorsed by the person presenting it.

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